KIEV, Oct. 8 – Core inflation in Ukraine in September accelerated to 1.5% compared to 0.6% in August, the State Statistics Committee reported.

Since the beginning of this year, core inflation has reached 5.5%, again lagging behind consumer inflation, which reached 7.4% in the first nine months of 2010 after it grew by 2.9% in September 2010.

The Ukrainian government, in a memorandum with the International Monetary Fund, forecast in mid-July that core inflation would be single-digit in 2010, i.e. less than 10%, while consumer prices would rise by 12% largely due to an increase in energy prices.